Appraisals For Attorneys
Trusts & Estates
Legal professionals and other interested parties with fiduciary obligations in trust and estate situations are often called upon to value fine rugs for tax reasons or equitable distribution among parties. Our certified appraisals determine the real worth of rugs so you can accurately represent them on tax return filings, and, they can be confidently passed on, sold outright or valued for auction.
Litigation and Expert Testimony
Disputes involving Oriental Rugs are not uncommon, especially in divorce cases, equitable distribution of Estate assets and in the case of a major Insurance Loss. It is extremely important that written evaluations upon which you must rely are clear, comprehensive, accurate and, above all, defensible in case of challenge.
MERA’s appraisals are backed by a combined 80 years experience and current in-the-market expertise. In cases, where proper valuation must be based upon more than the the information at hand, MERA takes a forensic approach to support their opinions.
Frequently Asked Questions:
- How do I identify a genuine Oriental Rug?
- What information should a professional appraisal include?
- What information should I gather before I contact you?
- Can wet rugs be saved?
- Can I get a value on a rug that has been stolen or completely destroyed?
- What factors impact the value of an Oriental Rug?
- Can a worn Rug still have value?
What information should a professional appraisal include?
A professional appraisal should clearly and accurately describe the rug, including the following information: Type, Country of origin, Size, Age, Description, and, of course, Value. Read more about our professional appraisals on our blog. [Return to Top]
Can a worn Rug still have value?
Yes – especially today, for two major reasons. First is the growing popularity of worn rugs in decorating as part of the – “Shabby Chic” movement. Second is the amazing work that can be done to repair and restore rugs that appear to be worn beyond salvation. [Return to Top]
For more information, please contact us today.